3 Bed House For Sale

yieldit are delighted to offer to the market this 3-bedroom End Terraced property in the desirable, residential area of Quinton. The property briefly compromises of a spacious living area with two reception rooms, a fitted kitchen, two bathrooms and back yard. The property is set back and also benefits from off road parking.

Quinton is conveniently situated only 5 miles from Birmingham city centre and close to many local amenities and schools. It is within easy reach of the motorway network with the M5 junction 3 which connects it with West Bromwich, Bromsgrove, Worcester, Cheltenham, Gloucester, Bristol, Weston-super-Mare, Bridgwater, Taunton, Devon and Cornwall. There are also many bus routes available from Ridgacre Road.

B32 is a popular area with 439 transactions recorded in the past 12 months, which is 145% higher than the national average of 179. According to data collected from Rightmove, properties had an overall average price of £234,827 over the last year. The majority of sales in Birmingham during the last year were semi-detached properties, selling for an average price of ¬£245,112 meaning that the asking price for 29 Vinnall Grove is below average and will make a fantastic investment. Overall, sold prices in Birmingham over the last year were 10% up on the previous year and 15% up on the 2019 peak of £203,360.

Birmingham is undergoing an exciting £778m investment to host the 2022 Commonwealth Games which will deliver business and trade opportunities, create jobs and encourage tourism. It is one of the fastest growing cities in England and often referred to as the second city to London. Its regeneration and continued growth will no doubt continue to attract people to the area and drive the demand for rental property meaning there hasn't ever been a better time to invest in property there.

Enquire with one of our property consultants today!

Financial Breakdown

Gross rent: £7,800
Net income: £7,800
Gross yield: 5.31%
Net yield: 5.31%

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-07619